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[Apha Biz=(Chicago) Reporter Paul Lee] The KOSPI index closed at 2573.98, down 6.73 points (0.26%) from the previous trading day. The index started at 2598.29, up 17.58 points (0.68%) from the previous trading day.
In the stock market, foreigners and institutions sold a net KRW 138.3 billion and KRW 442 billion, respectively. Individuals had a buying advantage of 556.1 billion won.
"Both the KOSPI and the KOSDAQ turned downward after the rise as concerns over an economic slowdown from China were reflected," Mirae Asset Securities said. "Despite the opposition buying trend of secondary holding stocks, which plunged the previous day, the KOSPI weakened for five consecutive trading days as foreign sales were released mainly on large-cap stocks in market capitalization such as semiconductors and the Internet."
Among the market cap stocks, Naver fell more than 4%. Samsung Electronics and SK Hynix also fell by 1~2%, respectively. Samsung BioLogics and Samsung SDI fell slightly. POSCO Holdings (POSCO Holdings), on the other hand, saw its stock price rise more than 6%, while LG Energy Solutions and POSCO Future M also closed higher.
Superconductor stocks rode roller coasters. It surged more than 20% at the beginning of the market, but plunged around 2 p.m. when the Coagulated Physical Theory Center (CMTC) of the University of Maryland announced that the superconductor material (LK-99) was not a superconductor.
CMTC, which has been verifying whether LK-99 is a superconductor, told X (former Twitter) in the afternoon. "LK-99 is not a superconductor. We believe the game is over."
As a result, the southwestern part of the country plunged 29.98% and Deokseong also fell 29.41%. In addition, Korea Steel Mill, Mobis, and Wonik P&E also fell by 14-25%.
The KOSDAQ index closed at 892.34, down 5.88 points (0.65%) from the previous day. The index started at 901.76, up 3.54 points (0.39%) from the previous trading day.
On the KOSDAQ market, institutions sold a net KRW 34.1 billion, while individuals and foreigners sold KRW 12.3 billion and KRW 24.4 billion, respectively.
Among the top stocks in the market, Celltrion Pharmaceutical fell more than 2%. HLB and Pearl Abyss fell by 1%, respectively. Ecoprobm, L&F, and SM also fell slightly. POSCO DX, on the other hand, saw its stock price jump more than 9%, while Ecopro and JYP Entertainment also closed higher.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
